July 29, 2004 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm
Search function repaired: Search prior headlines at http://bkinformation.com/PriorEditionsSearch.html

         

Airlines:

Union leader plans boycott of United's pension talks
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United reconsidering pension fund cut
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UAL, Pension Agency To Meet As Scheduled Thursday
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No Pension? No Problem. UAL Might Live Without
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Airline woes loom over US pension agency
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UAL pension delay may draw scrutiny of Congress
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Delta Air Lines closing 1 of 3 call centers in India
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Delta asks customers if they would pay to have calls answered in U.S.
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Delta returns to former logo
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Delta sets stage for healing cuts
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Payout justified fees says airline liquidator
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Ireland's Aer Lingus workers to vote on strike
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Arpey turned down $110,000 pay raise
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Trinidad Govt Retakes Control Of Struggling BWIA Airline
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Steel:

Georgetown steelworkers get ready for mill production start
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AK Steel: Layoffs possible at more plants in effort to stay competitive
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Corporate Reform:

SEC Letters Query Banks in Fund Dumping Inquiry
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SEC asks judge to force Qwest testimony
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Non-US companies face trouble quitting the US
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Former CEO faces up to 25 years in prison
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Ex-Rite Aid executive seeks short prison term
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Asbestos:

Judge ousted from Owens Corning case joins adviser's law firm
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Ex-judge to join asbestos adviser law firm
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ABB says turnaround is complete
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Notification to Claimants of Voting Rights, Deadlines and Hearing to Confirm Plan of Reorganization in Chapter 11 Reorganization of Federal-Mogul Corporation, T&N Limited, and Affiliated Companies
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Federal-Mogul creditors to vote on reorganization
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Fund a bid to 'blackmail the dying'
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James Hardie Shares Slump on Claim it Misled on Asbestos Fund
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James Hardie execs committed fraud
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Hardie denies asbestos disdain
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James Hardie May Face A$2.24 Billion Asbestos Cost, Review Says
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James Hardie stock plunges
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Unions ban James Hardie products
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Asbestos giant acted 'illegally'
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Global oil prices hold near peaks
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Tyson:

Deal with Arum could come on heels of Tyson victory
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Can't tell if Mike has it all Ironed out
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'Decent' Tyson prepares for latest comeback
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Senator's wife, ex-bankruptcy lawyer, to introduce her husband at convention
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Tough, sharp mind watches behind adoring look
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Law:

Munsch Hardt Merges With Houston Bankruptcy Boutique
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Elite London firms see profits slide in worst results since slowdown
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Linklaters loses fight with former lawyer over severance pay
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Blogs Dot the Litigation Landscape
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Clifford Chance's West Coast woes continue as Brobeck claim offer rejected
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Fraud allegations against chief counsel cloud Google IPO
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"Low-balling" rife as partners admit to doing work at unprofitable rates
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ABA accuses politicians of "demonising" lawyers
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Top 100 corporate counsel see boost in financial status as salaries rise 6%
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Reed Smith dumps two offices in firm rejig
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Before you hand out handhelds to your entire staff, consider the tax consequences
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Firm Hunts Merger, But Profits May Leave It Alone at the Altar
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Bush, Cheney Poised to Make Edwards a Liability as Trial Lawyer
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NY Firm Ties the Knot in the Caribbean
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Filching lawyer sentenced to prison
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US Lawyers Bring Home the Canadian Bacon, Hey!
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Do you know who I am?
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Flex-time at Sullivan & Cromwell
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Underpaid and getting nowhere -- Freshfields and Linklaters quietly not cracking the US
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Major companies prefer to use their own conflict guidelines
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Firms are exploring everything from sales staff to business development teams
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As competition forces legal fees down, lawyers call for price standardization
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Outsourcing Legal Work -- The Second Wave
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Voicemail message threatens to erode legal privilege
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Firms and their clients need technology tools to respond quickly to incidents.
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Many law firms are abandoning management committees and migrating to governance models that more closely resemble those of their corporate clients
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Accounting:

Shell fined 80m by US and UK watchdogs
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SEC Probes Twinkies Maker
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Attempt to Disqualify KPMG for Allegedly Advising Client to Implement Illegal Tax Strategy Unsuccessful
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Accounting leads rise, making boards edgy
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IRS to Appeal Accounting Decision
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Losing qtr. for Trump casinos
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Liquidation breaks new ground, trustee says Many of clients' claims won't be resolved soon
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Economic conditions took turn for worse, Fed says
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Lawsuit Against Comerica Inc. For Banco Lavra
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Rato keeps quiet on vision of future of the IMF
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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More ailing companies escaping pension costs
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Judge says Carolina Investors petition meaningless
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A precautionary consumer tale -- Couple in deeper hole Refinancing deal turned out nothing like expected
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Ground Round Acquired by Franchisees
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No Interest Allowed
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Hours after possible bankruptcy announced, State yanks racing license from Vernon Downs
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AG sues N.J. collection agency, owner
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KomTek succumbs to Ch. 11
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Shorter waits please customers, worry restaurants
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Motorola sued by Adelphia investors
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Tucson diocese suits pending now at 20
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Church bankruptcy a legal quandary
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Parmalat agrees to corporate reforms in accord with SEC
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"Unconventional" buyer eyes Loaf
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Automotive Point of Sale Finance to Race Ahead of Traditional Bank Loans
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UK:

Is the UK in debt danger?
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Legal privilege takes center stage as BCCI awaits House of Lords ruling
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How I shook off the shackles of debt
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Russia:

Yukos still has right to produce, export oil
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Bailiffs could put oil market in turmoil
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Yukos and Kremlin go to the brink
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Fears ease as Yukos keeps pumping
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Yukos Told to Stop Pumping
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From Dismal to Worse
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Yukos closer to insolvency
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Yukos Case Puts Sharper Focus On Putin's Grand Plan
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Central Bank revokes licenses of 3 banks
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Crude Futures Gain on Worries About Russian Company
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Singapore:

High Court gives nod for Synergy plan to settle debts
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India:

Warning Signals Were Ignored Till Global Trust Bank Crisis Imploded
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Argentina:

IMF Delays Argentine Loan, Forcing Country to Use Reserves
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Argentina 'should speed structural reform'
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Poland:

Reach may lead to bankruptcies in Poland
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